Cantor Fitzgerald Maintains Neutral on Fortinet, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Yi Fu Lee maintains a Neutral rating on Fortinet (NASDAQ:FTNT) and lowers the price target from $75 to $65.

February 12, 2024 | 2:13 pm
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Cantor Fitzgerald analyst Yi Fu Lee maintains a Neutral rating on Fortinet and lowers the price target from $75 to $65.
The reduction in price target from $75 to $65 by a reputable analyst could lead to a negative short-term sentiment among investors, potentially causing a decrease in Fortinet's stock price. The maintenance of a Neutral rating indicates no significant positive catalysts are expected to drive the stock price higher in the near term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100